LPL Financial LLC boosted its position in SAP SE (NYSE:SAP - Free Report) by 20.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,155 shares of the software maker's stock after buying an additional 19,911 shares during the period. LPL Financial LLC's holdings in SAP were worth $29,337,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Oppenheimer & Co. Inc. raised its stake in shares of SAP by 4.1% during the 4th quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker's stock worth $235,000 after buying an additional 38 shares in the last quarter. Lindbrook Capital LLC increased its holdings in SAP by 2.0% during the 4th quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker's stock valued at $538,000 after acquiring an additional 43 shares in the last quarter. Foster Group Inc. raised its position in shares of SAP by 4.3% during the 4th quarter. Foster Group Inc. now owns 1,089 shares of the software maker's stock worth $268,000 after purchasing an additional 45 shares during the last quarter. Wedmont Private Capital raised its holdings in shares of SAP by 2.4% in the fourth quarter. Wedmont Private Capital now owns 1,927 shares of the software maker's stock worth $485,000 after acquiring an additional 46 shares during the last quarter. Finally, Addison Advisors LLC lifted its holdings in SAP by 3.0% in the 4th quarter. Addison Advisors LLC now owns 1,586 shares of the software maker's stock valued at $390,000 after purchasing an additional 46 shares in the last quarter.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on SAP. Royal Bank of Canada restated an "outperform" rating and set a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. Barclays raised their price objective on SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. JMP Securities upped their target price on SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a research note on Wednesday, January 29th. BMO Capital Markets increased their target price on SAP from $265.00 to $307.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. Finally, TD Cowen upgraded SAP from a "hold" rating to a "buy" rating and lifted their price target for the company from $240.00 to $305.00 in a report on Friday, January 17th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $248.83.
Read Our Latest Report on SAP
SAP Trading Down 2.5 %
SAP traded down $6.87 on Thursday, reaching $264.55. 1,936,799 shares of the company's stock were exchanged, compared to its average volume of 929,927. The company has a market cap of $325.00 billion, a price-to-earnings ratio of 92.18, a PEG ratio of 4.71 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. SAP SE has a twelve month low of $175.08 and a twelve month high of $293.70. The company's 50 day moving average is $276.95 and its 200-day moving average is $252.86.
SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing analysts' consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. Equities analysts predict that SAP SE will post 6.55 earnings per share for the current year.
About SAP
(
Free Report)
SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.
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